While Construction Monitor provides construction data customized for your business, our friends at Construction Dive regularly provide construction industry “metrics that matter.” The June information they shared comes from several sources and they centralize that data for the rest of us.
Here’s the June 2021 recap:
- Architecture billings – (Any score over 50 indicates growth.) 58.5 in May up from 57.9; design contracts 63.2 up from 61.7.
- Construction backlog – Rose in May 2021 to eight months; 0.1 months higher than April 2021 and May 2020.
- Construction confidence – Rose in May 2020-June 2, 2021, 0.1 months higher than April 2021 and May 2020.
- Construction jobs – Employment was down by 20,000 in May 2021 with 17,000 non-specialty contractor job losses. Construction has regained 888,000 of the 1.1 million jobs lost in March/April 2020.
- Construction Spending – Total construction spending January-April 2021 = $452.3 billion, 5.8 percent (±1.0%) above 2020.
- Educational – $84.8 billion, 0.5% (±1.8%) below March estimate
- Highway – $99.8 billion, 0.6% (±5.6%) above March estimate
- Nonresidential – $451.4 billion in April, 0.5% (±0.7%) below March estimate
- Private – $1,180.7 billion, 0.4% (±0.7%) above March estimate
- Public – $343.5 billion, 0.6% (±0.6%) below March estimate
- Residential – $729.2 billion in April, 1.0% (±.03%) above March estimate
- Construction starts – May 2021 construction starts declined by 1% to $902.8 (seasonally adjusted annual rate)
Condensed Construction Information You Need
Construction data for industry spending, hiring, starts, and billing is available to you, online and free. The information from this blog was gathered from more than six sources. But Construction Dive encapsulates it into one easy-to-read overview.
That’s what Construction Monitor does. The same construction data from building permit information we pull every week is available to you. But sorting it into relevant, usable information is time-consuming.
Have you ever put a price tag on your time? Let’s say you are “worth” $75/hour. It’s safe to say it takes 6-8 hours to refine building permit data into actionable information for your business. Construction Monitor will encapsulate it into one easy-to-read overview. Weekly, bi-weekly, monthly, quarterly – what you need when you need it.
Call or contact us to learn more.